Question 2 (4 Marka) each ot the following separate cases, prepare adjusting joumal enthes that foes collected in advance of work are initialy year ended De te cases, prepare adjuating joumal entries required of financial statements for inaty recornded ih asset account December 31, 2018 (Assume that prepaid expenses are recorded as liabilitdes). (4 out of 5) 1. One hal of the work related to $40,000 cash received in advance is performed this period 2 Of wages of $20,000 are paid to employees for a tve day week On December 31, 2017, wages for 4 work days was accrued but not yet paid 3 Depreciation on the company's equipment for the year is $18.217 Accumulated depreciasion 367 5 349 of 4. The office supplies account has a debit balance of $1,480 on December 31, 2016 is $38,434 supples were purchased. A physical count of supplies at December 31, 2017 shows $087 of suppies available 5 The prepaid insurance account had a $5,000 balance on December 31, 2016. An analysis of insurance policies shows that $3,400 of unexpired insurance benefits remain at December 31.2017 Answer Account DebitCredit